Giordano Riello acquires majority stake in Novatherm

Giordano Riello International Group acquired a majority share in Novatherm GmbH, a leading wholesaler of air conditioning systems in Germany. Novatherm's former owner-manager Götz Heymann will retain some shares and continue to manage the business.

“In late April 2017, Giordano Riello International Group (GRIG) acquired a majority share in Novatherm GmbH domiciled in Ratingen (North-Rhine Westphalia).”luther-lawfirm.com

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• luther-lawfirm.comLuther to advise the Italian Giordano Riello International Group on the takeover of refrigerator wholesaler Novatherm | Luther LawfirmApr 25, 2017

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